$465,05 Community Hospital Balance Sheet - Assets June 30, 2015 and 2014 (Dollar
ID: 2722765 • Letter: #
Question
$465,05
Community Hospital Balance Sheet - Assets June 30, 2015 and 2014 (Dollars in Thousands) Assets 2015 2014 Current Assets Cash and cash equivalents $12,825 $28,634 Investments 3,881 2,090 Patient accounts receivable, net 40,671 35,347 Other receivables, net 2,553 3,420 Notes receivable, current portion 23 87 Inventories 5,618 5,255 Prepaid expense and other 2,532 2,438 Total current assets 68,103 77,271 Assets Limited as to Use: Board-designated for capital improvements 122,570 122,295 Self-insurance trust funds 19,473 19,532 Under bond indentures, held by trustee 14 11 142,057 141,838 Property and Equipment: Land and improvements 17,806 15,459 Buildings 255,443 225,489 Funiture and equipment 105,729 98,081 Construction in progress 7,442 10,826 386,420 349,855 Less accumulated depreciation 187,454 171,889 198,966 177,966 Other Assets: Investments 11,345 8,351 Investments in affiliated entities: Foundation 52,473 53,033 Others 3,170 3,367 Notes receivable and other 814 2,659 Deferred financing cost, net 523 569 68,325 67,979 Total Assets $477,451$465,05
Explanation / Answer
Account Receivable Days = Account Recievable / Annual revenue * Number of Days in the year
2015 = 40671 / 274,825 * 365 = 54.02 days
2014 = 35347 / 259,739 * 365 = 49.67 days
Average Age of Plant = Accumulated Depreciation / Depreciation Expenses
2015 = 187,454 / 21,746 = 8.62 Years
2014 = 171,889 / 20,667 = 8.32 Years
Average Payment Period = (total current liabilities x 365) ÷ (total operating expenses – depreciation and amortization expenses)
2015 = (35,446 * 365) / (251,124 - 21,746) = 56.40 Days
2014 = (33,918 * 365) / (237,308 - 20,667) = 57.15 Days
Cash Days on Hand = Cash on Hand * 365 / (Operating Expenses - Non cash Expenses)
-2015 = 12,825 * 365 / (251,124 - 21,746 - 103) = 20.42 Days
2014 = 28,634 * 365 / (237,308 - 20,667 - 61) = 48.26 Days
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